A scholarship program enabling graduates to attend up to two years of college for free and increased funding to encourage more startup companies to launch or grow in Vermont were among the 2014 legislative accomplishments touted by lawmakers. The legislature also created a $4.5 million fund to attract and retain companies with substantial economic impact.
Jay Williams has been confirmed by the U.S. Senate as assistant secretary of Commerce for Economic Development.
William Kirwan, chancellor of the University System of Maryland since August 2002, announced that he will step down from his position.
The California Governor's Office of Business and Economic Development is preparing to launch four new Innovation Hubs (iHubs) across the state. iHubs, strategically placed within existing clusters, serve as centers of collaboration for regional economic development agencies, venture capitalists, incubators, and higher education to develop joint programming for entrepreneurship (see the September 4 issue).
Last week the Columbus Metropolitan Club hosted Alcoa CEO Klaus Kleinfeld to give remarks on the state of American manufacturing. Kleinfeld made the case that "talent is global," and that the U.S. must invest heavily in workforce development and STEM education if our country wants to continue to grow the manufacturing sector and remain globally competitive.
During most of the 20th century the textile industry was an economic pillar of the American South. During the 1990s the forces of globalization caused most of the industry to move overseas. Economic experts predicted that the textile industry would never return to U.S. soil. Recently, towns like like Gastonia, NC, and Gaffney, SC, have seen shuttered mills reopened for business as advanced manufacturing technologies have supported the growth of an emerging advanced textiles sector.
In contrast to last week's coverage of the Virginia gubernatorial candidates on issues that affect jobs and the economy, there are little specifics on the topic provided by either New Jersey candidate. Incumbent Gov.
A network of more than 1,500 expert advisors is among the distinctive features that makes the Innovation Center of the Rockies' (ICR) low-cost, effective model for commercializing research appealing to universities across the country. This week, ICR announced they have entered into an agreement with the University of Wyoming to bring more faculty inventions to market based on their successful model. ICR works closely with tech transfer offices in Colorado, and now in Wyoming, to understand and develop viable pathways for university-based inventions.
Early data from a number of sources indicates that the venture capital market continued its resuscitation from the 2008 crisis during the third quarter of 2013. CB Insights reports that 857 venture deals representing $7.2 billion were completed last quarter, which, by their data, would be the highest rate of dealflow since the dotcom era. Other sources report a similar number of deals, but find that some quarters in recent years have been more active.
The Georgia Research Alliance (GRA) and the Arizona Board of Regents on behalf of Arizona State University (ASU), both SSTI members, are among 19 awardees to receive $9 million total for advanced manufacturing projects. Grants were announced by NIST under the AMTech program, which supports new or existing industry consortia in developing technology roadmaps aimed at strengthening U.S. manufacturing and innovation performance across industries, according to a news release. GRA will receive $499,636 for a cell manufacturing consortium and ASU will receive $499,441 for architecting an institute for flexible electronics manufacturing.
Startups spun out of university research parks stayed in business longer than the overall national average and helped to improve regional competitiveness by establishing their companies within the area where they were incubated, according to a recent survey from the Association of University Research Parks (AURP). The survey reported the findings of 108 university research park directors over the past five years to demonstrate the extent to which the parks are focused on advancing innovation in their region.
As the TBED community seeks to diversify its funding partners, corporations would seem to be logical prospects. Pickings are getting slimmer, however. Despite tallying record profits and stock market values over the past few years, corporations are getting stingier with their giving programs, according to a new report from the Foundation Center.
In the days before the federal government shutdown, the White House released details of a $300 million cross-agency strategy to revive the Detroit economy following the city government’s bankruptcy filing. Most of the funding comes from existing programs that will either continue to support efforts in Detroit or will now allocate a portion of their grants, loans or services to Detroit-based recipients. However, while innovation and entrepreneurship is a major plank of the strategy, little of the $300 million will directly benefit technology-based economic development programs.
Google recently designated seven local entrepreneurial support organizations as the inaugural members of its new Tech Hub network. These organizations will receive financial support, technical content, business tools, and infrastructure upgrades, to support increasing demand from software developers and startups. Google’s announcement notes that these specific organizations were chosen because of their innovative approaches to launching businesses and their success in creating jobs in their respective communities.
Only two states will hold gubernatorial elections this year: New Jersey and Virginia. But those states have garnered a great deal of media attention because of the candidates’ stark policy differences on a wide range of issues, including jobs and the economy. This week, SSTI takes a look at the plans for economic growth and higher education put forth by Virginia Democratic nominee Terry McAuliffe and Republican nominee Ken Cuccinelli.
As state and federal funding for higher education dwindles and the workforce needs of the new economy continue to shift, state and university officials are reevaluating how higher education is funded, its return on investment for the state, and how universities can better drive economic growth. Recent examples in New York, Ohio and Texas demonstrate how states are implementing new policies to adapt to the changing times.
Arkansas Gov. Mike Beebe and the state's Workforce Cabinet announced a $2.7 million pilot program — STEM Works — focused on Science, Technology, Engineering and Math (STEM) education in high schools. STEM Works will be made up of two components. The first component will focus on overhauling the state's STEM curriculum at the high school level to better prepare high school graduates to pursue college degrees in STEM disciplines. The second component — UTeach — will attempt to attract qualified college graduates to become STEM educators.
The National Science Foundation (NSF) has announced that it will award $74 million total for the creation of four interdisciplinary research and education centers as part of the third generation of NSF Engineering Research Centers. In addition to their primary focus on commercialization and education, these centers will emphasize innovation, entrepreneurship, small business collaboration, and international partnerships. For the first time, two of the ERCs will be co-funded by the Department of Energy.
Aimee Dobrzeniecki, NIST MEP deputy director, will be leaving the MEP system May 16. Dobrzeniecki is joining Cathy Renault at Innovation Policyworks and will expand the company by opening a DC office.
An impactful program could be underrepresented and its message lost if not presented in a clear, concise manner. The goal of SSTI’s Exellence in TBED awards program is to highlight how successful innovation-focused efforts have transformed economies. Because your story has to be compelling to the reader, we have provided several resources to help your team write a better application – and bring home a win for your state or region!
The Michigan Economic Development Corporation (MEDC) recently announced the recipients of $25 million in awards from Michigan's 21st Century Jobs Fund. Each of the eight organizations receiving the awards will use the funding to support Michigan entrepreneurs and technology commercialization. The largest single allotment, $10.8 million, will benefit Ann Arbor SPARK, which plans to replenish its Michigan Pre-Seed Capital Fund with the award. Other recipient organizations will be offering capital and business assistance around the state.
Spending time at a technology or business incubator may be the key to learning about entrepreneurship. Some universities, seeking to ramp up entrepreneurship programs, are turning to incubators as real-world teachers.
Oklahoma Gov. Mary Fallin announced that Jonna Kirschner, executive director of the Oklahoma Commerce Department, will serve on a transition team to establish a new workers’ compensation system. Vaughn Clark , the Commerce Department’s director of community development, was named as interim executive director.
According to the National Science Foundation’s (NSF) Higher Education Research and Development (HERD) Survey the percentage of university R&D funded by private sector investment has remained mostly stable since the late 1970s, hovering between 5 percent and 7 percent of total R&D expenditures. In FY 2011 the private sector invested $3.2 billion, or 4.9 percent of the total $65 billion university R&D expenditures.
The Alliance for American Manufacturing (AAM) released a five-year report highlighting the progress it has made since its creation in 2007. In that time it has hosted 40 town hall meetings, won a Campaign Excellence Award, released a number of research reports and publications, and has worked with federal, state and local governments to advocate for American Manufacturing.